To direct the Administrator of the Small Business
Administration to establish a loan guarantee program to assist small business
concerns that manufacture clean energy technologies in the United States, and
for other purposes.

1.

Short title

This Act may be cited as the
Small Business Clean Energy Financing Act of
2010.

2.

Clean energy
technology loan guarantee program

(a)

Establishment

The Administrator of the Small Business
Administration shall establish a program under which the Administrator is
authorized to guarantee the loans of small business concerns that manufacture a
clean energy technology in the United States.

(b)

Administration

Except as otherwise specified in this
section and to the extent practicable, the Administrator shall carry out the
program under subsection (a) in a manner similar to the loan program under
section 7(a) of the Small Business Act (15 U.S.C. 636(a)).

(c)

Definitions

In
this section, the following definitions apply:

(1)

Clean energy
technology

The term
clean energy technology means a technology related to the
production, use, transmission, storage, control, or conservation of energy that
will contribute to a stabilization of atmospheric greenhouse gas concentrations
through reduction, avoidance, or sequestration of energy-related emissions
and—

(A)

reduce the need
for additional energy supplies by using existing energy supplies with greater
efficiency or by transmitting, distributing, or transporting energy with
greater effectiveness through the infrastructure of the United States; or

(B)

diversify the
sources of the energy supply of the United States to strengthen energy security
and to increase supplies with a favorable balance of environmental effects if
the entire technology system is considered.

(2)

Small business
concern

The term small business concern has the
meaning given that term under section 3(a) of the Small Business Act (15 U.S.C.
632(a)).